Partisan • Patriotic • Internationalist
Silicon Valley Bank (SVB) collapsed last month, causing major turbulence across the world’s financial sector. Within a week of its closure, the Financial Times was reporting that the value of global bank stocks had fallen $460 billion. Fearing meltdown from contagion, state-controlled treasuries across the capitalist order made huge sums […]
Capitalism evolved from the development of trade: mercantile capitalism gave way to manufacturing capitalism which transformed into industrial capitalism after the industrial revolution, which was fueled by scientific inventions. The history of capitalism as a dominant mode of production begins in the 17th century, with Holland and England being the […]